i) Business Unit, also referred to as a department, division, or functional area is a part of a company or an organization that represents a specific business function and is a part of firm’s value chain of activities like accounting, human resources, marketing, sales, purchasing and manufacturing. ii) Establishment is […]
Business risk is defined as the possibility of occurrence of any unfavorable event that has the potential to minimize gains and maximize loss of a business. In simple words, business risks are those factors that increase the chances of losses in a business and reduce opportunities of profit. Characteristics of […]
Public Enterprise is an autonomous or semi-autonomous corporation that is controlled by the State or National Government. These enterprises came into existence to help people of the state in their commercial and industrial activities and usually focuses on areas of development and areas of public interest demanding a huge amount of capital. Objectives of Establishing a […]
Marketing Marketing is a broad term. It is the activity, set of instructions and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. In Management, there are 2 types of Strategies that are Push Strategy and Pull Strategy. In early […]
SOLE PROPRIETORSHIP A Sole Proprietorship also referred to as a Sole Trader, is an unincorporated business that has just one owner who pays Personal Income Tax on profits earned from the business It is the easiest type of business to establish or take apart, due to less restrictions. As such, these […]
Types of Startup There are 2 types of Startup #1. Bootstrap:- This type of investment comes from self or family funds and investments. Their main objective is to earn profits and account for only 10% of overall startups in India. #2. Investor Funded:- Investor funded startup companies run with investor funds. […]
What makes a company Successful i) Dedicated and Committed Employees having a feeling of belongingness towards the organisation ii) Clear Vision and well designed plans and strategies for an efficient and effective working. iii) Managers possessing Leadership skills who works for his/her employees. iv) Fulfilling the commitments and promises made […]
An Equated Monthly Installment (EMI) is a fixed payment amount made by a borrower to a lender at a specified date each calendar month. EMI depends upon the tenure for which a loan is taken. EMI is high for a tenure of short period of time as compared to long period. Equated […]
Personal Loan are the loans that are given for personal use. They are usually secured loans as the commodity purchased using the loan act as a collateral. Types of Personal Loan • Motor Loan– A secured loan granted for the purpose of purchasing a vehicle like car, motor cycle is […]
Loan •A loan is a form of debt incurred by an individual or other entity. •The lender, usually a corporation, financial institution, or government advances a sum of money to the borrower. •In return, the borrower agrees to a certain set of terms including any finance charges, interest, repayment date, and other […]
Step 1:– Fulfill Your Promises The first step towards building the integrity is to keep the promises that a person has made. If a person is not sure that he will be able to meet his promise, then he/she should not affirm to it. For Example, If a person has […]
Breif About Movie Lakshya is a patriotic movie launched in 2004. The movie showcase how an aimless person who under the influence of his friend joined Army Academy. He ran away due to the frequent punishments he received there but returned with an aim of joining army. Due to his […]
1.Put Yourself in Their Shoe:- It’s not wrong to stick to your ground but the negotiator should try to keep himself/herself in the place of other parties involved in negotiation. He/she should visualize the situation from another’s perspective and should understand that the other parties also have some restrictions that […]
1. Be Less Emotional:- Once Gates told he is successful in negotiations when the other party is emotional because he is “kind of less emotional.” The fact that Gates said he is less emotional rather than unemotional reveals an important distinction. “He obviously knows that feelings are important when dealing […]
Need to invoke Negotiation Skills Negotiation skills are not born with a child. These skills need to be developed and enhanced. Negotiation skills teaches a person/child to be patient and understand the needs and opinions of others while giving importance to the requirements of all and finding a solution that […]
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